Reserve Bank of India: Maximising Its Office Spaces
01 THE CHALLENGE
The Reserve Bank of India’s (RBI) real estate portfolio covers more than 0.5 million sqft. It occupies over nine buildings in four locations across Mumbai.
With an extensive portfolio, RBI’s primary concern is the suboptimal use of its real estate space. RBI wanted a thorough utilisation analysis of its office spaces comprising nearly 5,000 seats.
To address this, the Cushman & Wakefield Consulting team pitched a Workplace Utilisation Study to RBI.
02 THE SOLUTION
For four weeks, we conducted an on-site space audit.
To uncover inefficiencies and opportunities, our team captured the below information on how RBI uses space:
- Seat capacity and distribution
- Location of workplace setups
- Use of meeting rooms
We recorded the utilisation for every single work point 20 times per week. We analysed and presented the results to RBI.
We then provided recommendations on how RBI can redistribute workplace setups and teams to maximise its floor plate. We also furthered the discussion on how RBI can adopt an agile way of working.
03 THE RESULT
Based on the study’s results, RBI’s in-house real estate team initiated changes in the layouts.
RBI also acted on the other recommendations, considering that these will have an impact on the organisation and long-term planning of its portfolio.
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